News From the Field Bluffing Could Be Common in Prediction Markets, Study Shows

July 10, 2008

A new mathematical model by researchers at the University of Michigan suggests that bluffing in prediction markets is a profitable strategy more often than previously thought.
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SourceUniversity of Michigan

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2015, its budget is $7.3 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives about 48,000 competitive proposals for funding, and makes about 11,000 new funding awards. NSF also awards about $626 million in professional and service contracts yearly.